Your email address will not be published. Required fields are marked *

Comment

Some HTML is OK

Sign me up for the Money Morning newsletter

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.

The first marijuana ETF is expected to trade on April 5, 2017, on the Toronto Stock Exchange (TSE), in what is the biggest news for the marijuana industry this week.

It's called Horizons Medical Marijuana Life Sciences ETF, and it will trade under the symbol HMMJ. The Horizon ETF will hold North American-listed companies involved with medical marijuana production and bioengineering.

This is a story that we've been following closely for Money Morning members.

Through our free Profit Alerts system, we shared an update about ETF Managers Trust, which filed paperwork on Feb. 16 to try and be the first marijuana ETF on the market. Its Emerging AgroSphere ETF planned to invest in marijuana companies that produce or sell products from hemp.

But there haven't been any updates on the filing process of when the Emerging AgroSphere ETF will enter the markets.

The Benefits of Investing in the First Marijuana ETF

Pot stocks are speculative investments because marijuana is still illegal under federal law in the United States.

And when the Trump administration comments on the cannabis industry, marijuana stock prices can become volatile. For example, White House Press Secretary Sean Spicer suggested on Feb. 24 the federal government would enforce federal law in states where recreational marijuana had been legalized.

Investors panicked, and pot stock prices plummeted. The MassRoots Inc. (OTCMKTS: MSRT) stock price opened at $0.98 per share on Feb. 24 and fell to an intraday low of $0.80 per share (a loss of 18.36%).

By submitting your email address you will receive a free subscription to Money Morning and receive Money Morning Profit Alerts. You will also receive occasional special offers from Money Map Press and our affiliates. You can unsubscribe at anytime and we encourage you to read more about our privacy policy.

Our Top Rated Stocks

You can view our VQScore top-rated stocks now by entering your email below:

By submitting your email address you will receive a free subscription to VQScore and occasional special offers from Money Map Press and our affiliates. You can unsubscribe at anytime and we encourage you to read more about our privacy policy.

Today's Markets

DJIA829.16(3.15%)27,110.98

NASDAQ198.27(2.06%)9,814.08

S&P81.58(2.62%)3,193.93

MSRT0.00(-4.26%)0.00

TWMJF0.59(-1.94%)30.21

GWPH0.78(0.62%)128.13

ACBFF-1.27(-12.80%)8.69

ABOUT MONEY MORNING

Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

By submitting your email address you will receive a free subscription to Money Morning and receive Money Morning Profit Alerts. You will also receive occasional special offers from Money Map Press and our affiliates. You can unsubscribe at anytime and we encourage you to read more about our privacy policy.